News
David Borchardt Promoted to Tower Companies’ Chief Sustainability Officer
Rockville, Md.—The Tower Companies has promoted David Borchardt, P.E., LEED AP to Chief Sustainability Officer. Borchardt was hired in 2005 as Director of Sustainable Development, overseeing 1,400 apartments and 4.5 million square feet of office buildings, office parks, regional malls, residential communities, lifestyle centers, and hotels within the D.C. area. Most recently, Mr. Borchardt was invited, along with Jeffrey S. Abramso, to give a presentation at Harvard Business School, which has published a Case Study on the Tower Companies’ headquarters. He is an expert on environmental “green build” issues and is invited to speak at national meetings and forums. Accordingly,…
NWP Services Corporation Acquires Vertex Multifamily Services Division
NWP Services Corporation (NWP) today announced the acquisition of Multifamily Services Division (CBSI) from Vertex Business Services.
DEAL OF THE DAY: Arbor Closes $1,878,700 Fannie Mae DUS Small Loan
Arbor Commercial Funding LLC announced the recent funding of a $1,878,700 loan under the Fannie Mae DUS Small Loan product line for the 16-unit complex known as 1322 Commonwealth Avenue in Boston.
OliverMcMillan Revives Stalled Condo Project in Honolulu
Dozens of people reportedly camped out for as long as two days outside the sales office of the Pacifica Honolulu condominium project so that they would be among the first to snatch up a good deal.
Michigan Apartment Owner Markets Through Social Media Entertainment
Final Five Productions, a video production and social media marketing company, has created a series of on-line videos for Urbane Apartments, a suburban Detroit apartment owner.
AMCAL Multi-Housing Inc. Breaks Ground on Los Angeles Affordable Seniors Development
AMCAL Multi-Housing Inc. has broken ground on Montecito Terraces, a 98-unit senior affordable housing development located in Panorama City, Calif.
Steven Easton Honored for Contributions to Real Estate Management
Chicago—The Institute of Real Estate Management (IREM) Foundation, a nonprofit 501(c)(3) public foundation, recently honored IREM faculty member Steven K. Easton, CPM, of St. Petersburg, FL, with its Lloyd D. Hanford Sr. Distinguished Faculty Award. The Hanford award is presented periodically to a member of the IREM faculty who has shown extraordinary dedication to the educational process and the advancement of knowledge in the real estate management profession. It commemorates the direct contributions of Lloyd D. Hanford, Sr., a founder of the IREM real estate management education program. Easton is the founder of Easton Realty, a full-service real estate company…
DEAL OF THE DAY: HFF to Market 428-unit Illinois Apartment Community
The Chicago office of HFF (Holliday Fenoglio Fowler LP) has been named to market The Lakes of Schaumburg, a 428-unit community in Schaumburg, Ill.
Web Feature: Affordable Housing Sees Early Signs of Recovery
There’s no gold rush or anything but there’s talk of investors coming back into the market.
Tenant Credit Risk For Multifamily Landlords Stabilizes in 1Q10
First Advantage SafeRent Inc., a screening and risk management specialist for the multifamily housing industry, has released its Multifamily Applicant Risk (MAR) Index for first quarter 2010